Plasticizers Market

Plasticizers Market Highlights

The global plasticizers market is expected to cross a market size of USD 29.6 billion by the end of 2033. The market size was valued at USD 17.0 Billion in 2023 and is expected to expand at a CAGR of 5.7% between 2024-2033.

• Over the mid-term, the rising demand for PVC is the primary factor anticipated to drive the global plasticizers market.
• High prices of raw material is a major factor to challenge the market growth.
• The Asia Pacific plasticizers market is projected to dominate the global market.

Plasticizers Market Outlook

Plasticizers are polymer additives that are used for softness, improving flexibility, and various other characteristics in plasticized materials. Plasticizers are of two types, primary and secondary. Primary plasticizers are used in increasing softness while secondary plasticizers have limited capability with polymers.

The rising demand for PVC is increasing the demand for plasticizers as it is used in the production of PVC. Due to plasticizers, the PVCs are strong, flexible, durable, and less brittle in nature. The PVCs are high performing, and more efficient due to the presence of plasticizers. Hence, as the demand for PVC increases, which according to our experts at KD Market Insights is projected to generate a revenue of USD 110 billion by the end of 2033, the demand for plasticizers would also grow, and contribute to the market growth. Arkema S.A., BASF SE, and Daelim Industrial Co. Ltd., are some of the significant parties in the global market for plasticizers.     

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Plasticizers Market Drivers – Analyst’s Observation

According to the analysts at KD Market Insights, some key growth drivers for the global Plasticizers market are:

• Increase in adoption of non-phthalate plasticizers: Phthalate is a substance that is used to make plastics stronger and hard to break. Non-phthalate plasticizers are used in various applications such as toys, packing materials, and others. Due to the increased adoption of non-phthalate plasticizers, there is higher demand for plasticizers in the market.
• Rising growth in packaging industries: The maximum of the plasticizers is used in the packaging industry. Therefore, the rising growth in the packaging industry, which is projected to touch near to USD 1.2 trillion in the year 2024, is expected to increase the demand for plasticizers in the market.

Which Probable Factors Could Hamper the Growing Plasticizers Market Trend?

As per our KD Market Insights analysis, some of the challenges expected to limit the global market growth of Plasticizers are:

• High prices of raw materials: The prices of raw material for plasticizers is high due to their manufacturing from petrol-based raw materials. This further increases the production cost and hence, it impacts negatively the growth of the plasticizers market. Companies who are manufacturing plasticizers are adopting various new strategies to diversify the raw material source and use alternatives.
• Stringent government regulations: The government has imposed several rules and regulations for the use of plasticizers. This is because of protection from health problems and the environment. Furthermore, some of the plasticizers are banned or restricted due to their adverse effect. The government is also promoting bio-based and sustainable plasticizers

How is the Global Plasticizers Market Segmented?

Our experts at KD Market Insights have segmented the global Plasticizers market research report as:

What are the Probable Factors Influencing the Asia Pacific Plasticizers Market Forecast?

The Asia Pacific plasticizers market is majorly driven by the growing urbanization and infrastructure development, which is driving the demand for plasticizers for use in producing flexible PVC for construction materials. On the other hand, the expanding healthcare industry in the region, where plasticizers are used widely for manufacturing medical devices, such as IV containers, blood bags, and tubing, are also projected to contribute to the market growth in the region in the coming years.

As per our analysts at KD Market Insights, the following five players lead the Asia Pacific Plasticizers market growth:

• BASF SE
• LG Chem Ltd.
• UPC Technology Corporation
• ExxonMobil Chemical
• Eastman Chemical Company

Which Key Players Top the Global Plasticizers Market Share?

As per our analysts at KD Market Insights, the competitive landscape of global Plasticizers market facilitates our readers in identifying their closest competitors. The manufacturers who are associated with Plasticizers market are raising their focus on expanding their presence, as well as their market share. The market has also been witnessing an upward movement in the number of collaborations between research institutions and key players, aimed at introducing advanced technologies and innovation of new products. Here is a list of the key players who top the global Plasticizers market share:

• Arkema S.A.
• BASF SE
• Daelim Industrial Co. Ltd.
• Dow Chemical Company
• LG Chem Ltd.
• Evonik Industries AG
• ExxonMobil Chemical
• Eastman Chemical Company
• Ineos Group
• UPC Group

What are the Recent Developments Observed in the Plasticizers Market?

Over the years, the experts at KD Market Insights have been observing the recent developments associated with global Plasticizers market trends. Our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.

For instance, BASF SE stated that it has collaborated with StePac to produce new improved, and sustainable packaging solutions for other industries.

Further, Evonik stated that its Coating Additives Business Line has launched a new and multifunctional polymer additive for powder coating formulations.

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global Plasticizers Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Type
      2. By Application
      3. By Region
5. Market Segmentation by Type
   1. Phthalates
      1. Diisononyl Phthalate (DINP)
      2. Diisodecyl Phthalate (DIDP)
      3. Di-(2-Propyl Heptyl)
      4. Phthalate (DPHP)
      5. Dioctyl Phthalate (DOP)
      6. Other Phthalates
   2. Terephthalates
   3. Trimellitates
   4. Epoxides
   5. Phosphates
   6. Sebacates
   7. Extenders
   8. Aliphatic Dibasic Esters
   9. Others
6. Market Segmentation by Application
   1. Flooring & Wall
   2. Film & Sheet Coverings
   3. Wires & Cables
   4. Coated Fabrics
   5. Consumer Goods
   6. Others
7. Regional Analysis
   1. North America
      1. United States
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      2. Canada
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      3. Mexico
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
   2. Europe
      1. United Kingdom
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      2. Germany
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      3. France
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      4. Italy
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      5. Spain
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      6. Rest of Europe
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
   3. Asia Pacific
      1. China
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      2. Japan
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      3. India
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      4. Australia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      5. South Korea
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      6. Rest of Asia Pacific
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
   4. Latin America
      1. Brazil
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      2. Argentina
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      3. Colombia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      4. Rest of Latin America
         1. Market Size and Forecast
         2. Key Trends and Developments
         3.               Market Analysis by Type and Application
   5. Middle East & Africa
      1. South Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      2. Saudi Arabia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      3. UAE
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      4. Rest of Middle East & Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
8. Competitive Landscape
   1. Market Share Analysis
   2. Company Profiles
      1. Arkema S.A.
      2. BASF SE
      3. Daelim Industrial Co. Ltd.
      4. Dow Chemical Company
      5. LG Chem Ltd.
      6. Evonik Industries AG
      7. ExxonMobil Chemical
      8. Eastman Chemical Company
      9. Ineos Group
      10. UPC Group
9. Strategic Recommendations
10. Appendix
    1. List of Tables
    2. List of Figures
11. References